Nat Gas sold off to a washout low mid January and is trying to build a base. So far price has only been able to poke its nose over the falling 20ema for a few days and trade in a tight converging pattern. Price still must rally and clear 1st price resistance of 3.00 to even suggest some short term strength ahead. Breaking out of this tight converging pattern will only suggest the next very short term direction of testing its Jan low or rallying to 3.00 price resistance. Note the RSI 21 that can only rally up to the 50 line resistance and roll back down again. Nothing much bullish with NG yet. The Modified MACD while still below the 0 line in bear territory is positively crossed for the 1st time in many months indicating this base building attempt.